The parliamentary economy warns the central bank of the policy of classification of banks

The parliamentary economy warns the central bank of the policy of classification of banks

economy  From 2017-05-31 at 15:23 (Baghdad time)

Baghdad - Mawazine News
The Committee on Economy and Investment parliamentary warned on Wednesday the central bank to continue the policy of classification of banks to varying degrees to participate in the window of the auction.
"The central bank's policy is one of the reasons for the corruption of its employees because it did not comply with the law that stipulates equality and non-discrimination between banks," said Ahmed Salim al-Kanani, chairman of the committee. The Central of the professional and legal methods in dealing with Iraqi banks and away from what we see today, in the Central Bank of conflicts of interest and predominance in the moods and the tendency to reward the party and punish another party without a professional and legal standard.
Kanani pointed out that "manipulating the implementation of the policy of the Central Bank through individual appetites not based on sound economic fundamentals may bring risks to the economy of Iraq, which is undergoing great challenges under the exceptional circumstances experienced by the Iraqis," but he said, "We also call the central bank administration To close the doors encouraged by corruption by some employees of the Central Bank, which puts the reputation of this ancient institution to danger and lose confidence, which reflected negatively on the overall monetary situation in the country, including impact on the value of the national currency.
The committee called for "commitment to neutrality, non-discrimination between banks, equal treatment in the currency sale window and the abolition of the tax policy based on discretionary calculations to avoid resorting to questioning and questioning under the parliament."

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Parliamentary economic "warns" the central bank


31/05/2017


Parliamentary Economic Committee, warned Wednesday, the central bank to continue the policy of rating banks to varying degrees of participation in the auction currency window, calling on him to abide by the neutrality and non-discrimination between banks.

The committee said in a statement obtained "direction Press" a copy of it, that "the central bank's policy is one of the reasons for the spread of corruption among its employees as a completed unrelated to the law, which provides for equality and non-discrimination between the bank and the last," stressing the need for "the central bank's commitment to the tactics of professional and legal in dealing with Iraqi banks. "

She said, "the central bank to move away from What we're saying today in the Central Bank of conflict of interest and the predominance of the temperaments and a tendency to reward party and punish another party without a professional and legal standard," explaining that "the manipulation of the implementation of the central bank's policy through individual whims and desires is based on an economic basis sober may bring risks to the economy of Iraq, which is going through great challenges in the light of the exceptional circumstances experienced by the Iraqis. "

The existing and called on the Central Bank "to close the doors encouraging corruption by some of the central bank staff," indicating that "the opposite will show the reputation of this institution honored to risk and lose confidence, which is reflected negatively on the overall monetary situation in the country, including the impact on the value of the national currency. "

Economic Commission called on the parliament's central bank to "commitment to neutrality and non-discrimination between banks and dealing equally in the sale of currency window and cancel the policy of classification based on the assumptions that is calculated to avoid our access to interrogations and accountability under the dome of the parliament."

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Parliamentary Economic warns Central Bank of classification policy banks


Wednesday 31 May 2017 14:31

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Alsumaria News / Baghdad
warned the Economic Committee in Parliament, Wednesday, the central bank to continue the policy of rating banks to varying degrees of participation in the auction currency window, calling on him to abide by the neutrality and non - discrimination between banks.

The committee said in a statement Alsumaria received News a copy of it that " the central bank 's policy is one of the reasons for the spread of corruption among its employees as a completed unrelated to the law , which provides for equality and non - discrimination between the bank and the last," stressing the need for " the central bank 's commitment to the tactics of professional and legal in dealing with Iraqi banks. "
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She said , "the central bank to move away from What we're saying today in the Central Bank of conflict of interest and the predominance of the temperaments and a tendency to reward party and punish another party without a professional and legal standard , " explaining that " the manipulation of the implementation of the central bank 's policy through individual whims and desires is based on an economic basis sober may bring risks to the economy of Iraq , which is going through great challenges in the light of the exceptional circumstances experienced by the Iraqis. "

The existing and called on the Central Bank " to close the doors encouraging corruption by some of the central bank staff," indicating that " the opposite will show the reputation of this institution honored to risk and lose confidence , which is reflected negatively on the overall monetary situation in the country , including the impact on the value of the national currency. "

Economic Commission called on the parliament 's central bank to "commitment to neutrality and non - discrimination between banks and dealing equally in the sale of currency window and cancel the policy of classification based on the assumptions that is calculated to avoid our access to interrogations and accountability under the dome of the parliament."

The central bank said in April 2017 that he does not distinguish between Iraqi and foreign banks to enter in the sale of currency window, between the entry of these banks generally be in accordance with approved by the Bank 's standards.


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Jubouri expresses surprise at the central bank's ratings for banks and confirms that things were not perfect for banking business with something adopted






He expressed MP Haitham al - Jubouri, on Thursday, expressed his astonishment and surprise at the results of classification of government and private banks issued by the central bank, indicating that the classification things were not perfect for banking something was adopted.

Jubouri said in a statement, 'agency news' received a copy of it,' hath befallen us a great surprise and amazement filled with signs of exclamation and signals the question we are watching the results of classification of government and private banks issued by the Central Bank of the nature of the standards and mechanisms adopted in it, which has become up for grabs for the weak people who are living on lapses and breathe money no man 's land and paved the way for some passable influential dependent on the moods of the values or satisfaction decided. '

He added Jubouri 'This category , which some foreign banks in Iraq , was adopted without a fair assessment which is not practiced in Iraq , only trading in the sale of foreign currency and obtaining millions of dollars a day in profits without being taken advantage of the country development movement or economic activity , or to carry out the simplest banking transactions of lending operations or deposit or credit for any Iraqi citizen , 'he said, adding that it' found to absorb profiteers people and robbed their money and not to develop the market or support the economy. '

He Jubouri , 'We are not against the principle of reward and punishment, but Bhrtha and conditions of justice in the evaluation, equal opportunities and standards of fair and that did not discern any of them including the back', explaining that 'classification was based on things perfectionism has not been to work credit banking with something and left the staff of the mission in the work of banks' .

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Jubouri expresses surprise at the central bank's ratings for banks and confirms that things were not perfect for banking business with something adopted






He expressed MP Haitham al - Jubouri, on Thursday, expressed his astonishment and surprise at the results of classification of government and private banks issued by the central bank, indicating that the classification things were not perfect for banking something was adopted.

Jubouri said in a statement, 'agency news' received a copy of it,' hath befallen us a great surprise and amazement filled with signs of exclamation and signals the question we are watching the results of classification of government and private banks issued by the Central Bank of the nature of the standards and mechanisms adopted in it, which has become up for grabs for the weak people who are living on lapses and breathe money no man 's land and paved the way for some passable influential dependent on the moods of the values or satisfaction decided. '

He added Jubouri 'This category , which some foreign banks in Iraq , was adopted without a fair assessment which is not practiced in Iraq , only trading in the sale of foreign currency and obtaining millions of dollars a day in profits without being taken advantage of the country development movement or economic activity , or to carry out the simplest banking transactions of lending operations or deposit or credit for any Iraqi citizen , 'he said, adding that it' found to absorb profiteers people and robbed their money and not to develop the market or support the economy. '

He Jubouri , 'We are not against the principle of reward and punishment, but Bhrtha and conditions of justice in the evaluation, equal opportunities and standards of fair and that did not discern any of them including the back', explaining that 'classification was based on things perfectionism has not been to work credit banking with something and left the staff of the mission in the work of banks' .

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